Answer to Question #264261 in Microeconomics for Anna

Question #264261

The Environmental Protection Agency has removed limits on how much sulfur can be contained in diesel fuel. The regulation change will decrease diesel fuel by $0.25. As a result of the change what will happen to quantity in the market for diesel fuel?

A. remain the same.

B. increase.

C. decrease.

D. decrease only if diesel fuel is a normal good.

Expert's answer

Option B the diesel quality will increase due to high demand.

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